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Iran buys 0.6m tonnes of wheat on premiumIran's state grains buyer GTC swept back into international markets, picking up more than half a million tonnes of wheat to shore up domestic stocks as its crop expectations were pared back and to avoid unrest after next week's elections More… |
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LIC Bahrain sees 23pc premium growth in 2012Bahrain-based LIC (International), a subsidiary of LIC of India, collected a total premium of $126.11 million in 2012, reflecting a 23 per cent growth, said a top official. The company issued 9,801 policies in 2012 with sum assure More… |
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Bahrain insurance market ‘set to grow’Bahrain has maintained its position as a key insurance hub and continues to post growth in its insurance market despite a prolonged period of political turbulence, said a new report. Prior to the social unrest, Bahrain’s ins More… |
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BNH net profit soars to $3.42mBahrain National Holding Company (BNH) earned a net profit of BD1.25 million ($3.42 million) for the first three months of the year, up from BD820,000 for the same period last year. BNH is the parent company of Bahrain National In More… |
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Verizon ‘will not pay premium for Vodafone stake’Verizon Communications would like to buy out Vodafone from their Wireless joint venture but will not do so at any cost, its chief executive has told JP Morgan analysts, In a note to clients, analyst Philip Cusick said Verizon boss More… |
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Qatar Foundation to buy 5pc Airtel stake for $1.26bnIndia’s Bharti Airtel, a leading provider of mobile and Internet services, will sell a 5 percent stake in the company to Qatar Foundation Endowment for $1.26 billion to strengthen its capital structure and fund future growth plans. More… |
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Qatar Foundation to buy 5pc Airtel stake for $1.26bnIndia’s Bharti Airtel, a leading provider of mobile and Internet services, will sell a 5 percent stake in the company to Qatar Foundation Endowment for $1.26 billion to strengthen its capital structure and fund future growth plans. More… |
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Starbucks launches premium coffee in KuwaitStarbucks has launched the Middle East’s first Starbucks Reserve, its ultra premium coffee line, in Kuwait. The 5,000 sq ft outlet at the Grand Avenue – The Avenues is one of the largest ever Starbucks stores. The stor More… |
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Zain Saudi to start rights issue on TuesdayZain Saudi, the kingdom's third telecom operator, will start a rights issue on Tuesday which will close eight days later, the firm said in a bourse statement. 'The issuing price will be SR10 ($2.6) without a premium, keeping i More… |
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BMW plans 2 models under new sub-brandThe BMW Group will launch two models under a new sub-brand “BMW i” from 2013 – the BMW i3 and the BMW i8 – expanding the automaker’s range of premium mobility services. “It’s a new day in our industry; a new era for individual mobility. Th More… |
